The highlights as compared to last year 1st Quarter are as below:
- Income from Operations is up by 16.25% at Rs. 471.48 millions.
- The PBT is up by 4.18% at Rs 202.20 millions.
- The PAT is up by 0.29% at Rs 171.06 millions.
- The Customer outreach has increased by 28.58% at 382,608.
Speaking on the occasion, Mr. Sunil Agarwal, Managing Director of S. E. Investments said ” PAT has not increased significantly as compared to Income from operations due to continuous increase in cost of borrowings. In our nature of business the increased cost can not be passed to the existing customers at our will. The availability of institutional re-finance has also been an issue to sector. Inspite of the odds, we have been able to maintain the asset quality and PAT by improving operational efficiency.”
Download detailed breakup of SE Investments Q1 2011 results